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4-Traders Homepage  >  Equities  >  Euronext Bruxelles  >  Anheuser-Busch InBev    ABI   BE0974293251

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Anheuser Busch InBev : AB InBev shares climb after Competition Tribunal conditional approval to SAB deal

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10/02/2017 | 10:13am CEST

Anheuser-Busch InBev's share price gained 2.3% to R1,620 after the Competition Tribunal conditionally approved Atlanta-based Coca-Cola's acquisition of SAB's shares in Coca Cola Beverage Africa (CCBA)... The tribunal said in a statement on Thursday it had approved the US parent group buying SAB out of its Southern African operations on condition it kept the promises made in 2016 when SAB's soft-drink division was merged with Gutsche Family Investments and The Coca-Cola Company's regional operation.

Before its takeover by Pepsi ally Anheuser-Busch InBev, SAB committed itself to not cutting jobs in the merged soft-drink businesses along with black economic empowerment (BEE) and employee shareholding levels.

"From the time of the condition it was envisioned that SABMiller would be exiting," the tribunal said in Thursdays' statement.

"In terms of the shareholders agreement for that transaction, Coca-Cola Holdings Africa had the option to purchase SABMiller shares and require its exit. This transaction is a culmination of that right."

Source: BDpro

(c) All rights reserved. 2017. Bizcommunity.com Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 57 231 M
EBIT 2017 17 646 M
Net income 2017 8 083 M
Debt 2017 98 418 M
Yield 2017 3,09%
P/E ratio 2017 31,00
P/E ratio 2018 25,21
EV / Sales 2017 5,45x
EV / Sales 2018 5,20x
Capitalization 214 B
Chart ANHEUSER-BUSCH INBEV
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Anheuser-Busch InBev Technical Analysis Chart | ABI | BE0974293251 | 4-Traders
Technical analysis trends ANHEUSER-BUSCH INBEV
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 129 $
Spread / Average Target 2,6%
EPS Revisions
Managers
NameTitle
Carlos Alves de Brito Chief Executive Officer
Olivier Goudet Chairman
Luis Felipe Pedreira Dutra Leite Chief Financial & Technology Officer
Martin J. Barrington Non-Executive Director
William F. Gifford Non-Executive Director
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